STRC Stock: Why It Increased Today

By Amit Chowdhry ● Oct 14, 2021
  • The stock price of Sarcos Technology and Robotics Corp (NASDAQ: STRC) increased by over 10% pre-market today. This is why it happened.

The stock price of Sarcos Technology and Robotics Corp (NASDAQ: STRC) increased by over 10% pre-market today. Investors are responding positively to a bullish research report.

Jefferies analyst Stephen Volkmann had initiated coverage of Sarcos Technology and Robotics with a “Buy” rating and $16 price target. The $16 price target imputes a 244.09% upside to the previous closing of the company stock price.

Volkmann noted that Sarcos is developing robotics for augmenting work in non-standard settings. And Volkmann said the technology addresses key demographic and ESG challenges like worker shortages and injuries while driving increased productivity versus unassisted human employees.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.